Atal Pension Yojana Account Closure Form PDF

PDF Name	Atal Pension Yojana Account Closure Form
No. of Pages	1
PDF Size	0.19 MB
Language	English
Tags	Application Form, Atal Pension Yojana Form
PDF Category	Government
Source / Credits	npscra.nsdl.co.in
Uploaded By	Krishan

Atal Pension Yojana Account Closure Form - Summary

The Atal Pension Yojana account closure form is an important document for anyone who wishes to close their Atal Pension Yojana (APY) account. This popular government pension scheme started in 2015 to help unorganised sector workers save for their retirement securely. Managed by the Pension Fund Regulatory and Development Authority (PFRDA), APY encourages voluntary savings to build a steady pension after retirement.

Joining Atal Pension Yojana early, between the ages of 18 and 40, can help you earn a bigger pension. The scheme is designed to provide financial stability in old age, making it a smart choice for many Indians.

Steps to Close Your Atal Pension Yojana Account

Closing your Atal Pension Yojana account is easy if you follow the right steps:

Go to the bank branch where your APY account is linked.
Ask for the Atal Pension Yojana Account Closure Form.
Fill out the form carefully with all required details and submit it to the bank staff.
Wait for the bank to process your application; the time may vary based on the bank.
After approval, the money along with any accumulated interest will be transferred to your bank account, and you will get confirmation from the bank.

How to Withdraw Your Pension After Age 60

Once you turn 60 years old, you can start withdrawing your pension amount from the Atal Pension Yojana scheme. You have the option to receive the guaranteed minimum monthly pension or get a higher pension if your investment yields more. This ensures you get the best benefit possible.

In case of the subscriber’s death, the spouse who is the legal nominee will receive the monthly pension without any change. If both the member and spouse pass away, the pension will go to the nominee chosen by the subscriber.

If you want to officially close your APY account today, just download the Atal Pension Yojana Account Closure Form PDF available on the website and follow the instructions carefully. 😊

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